Captive Consulting

Most organizations with captive insurance companies rely on their team of advisors to help them navigate through day-to-day management and sometimes unexpected changes. In the complex world of captive insurance companies it can become difficult to coordinate and manage these advisors while sticking to a strategic plan with focus.

Our captive consulting services are designed to improve that focus, evaluate and get the most from your advisory team and ensure the success of the captive's strategic plan. Learn more about our approach and experience in making your captive experience the best it can be.

• Evaluate and review captive advisors (legal, actuarial, offshore managers, accounting, insurance broker, investment advisor and others)
• Design and co-develop captive strategic plan
• Manage the day to day onshore and offshore functions of captive advisors and internal staff

Self-Insurance Consulting

Some healthcare organizations may become overly dependent on insurance. Our HealthSure consultants can determine if your company is a viable candidate for a liability self-insurance program and the most viable approach to achieve success.

At your request, we will conduct a thorough HealthSure Self-Insurance Feasibility StudyT of your organization. This includes reviewing your claims history, evaluating your utilization and risk management data, and meeting with key personnel and your board of directors. Our recommendations will include the program's advantages and risks specific to your operation.

Key Factors

Liability self-insurance isn't for everyone. A successful self-insurance program depends on the organization's structure and culture. Key factors include:

• Stable governance and leadership
• Commitment to risk and quality initiatives
• Quality driven nursing and medical staff
• Adequate level of unrestricted net assets
• Predictable legal environment
• Stable ownership structure
• Compliance with Medicare and audit guidelines

The Next Step

If our study determines you are a viable candidate for self-insurance, then we work with you to ensure the successful design, implementation and ongoing management of the program.

We can help determine if self-insurance is right for you. Fill out the scorecard online by choosing the online version, or choose the PDF version to print it out and fax to us for immediate feedback.